{"id":23401,"date":"2023-03-01T15:58:19","date_gmt":"2023-03-01T15:58:19","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/03\/01\/akufo-addo-expresses-optimism-ghanas-imf-deal-will-go-to-the-board-for-approval-by-end-of-march\/"},"modified":"2023-03-01T15:58:19","modified_gmt":"2023-03-01T15:58:19","slug":"akufo-addo-expresses-optimism-ghanas-imf-deal-will-go-to-the-board-for-appro-by-end-of-march","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/03\/01\/akufo-addo-expresses-optimism-ghanas-imf-deal-will-go-to-the-board-for-appro-by-end-of-march\/","title":{"rendered":"Akufo-Addo expresses optimism Ghana&#8217;s IMF deal will go to the Board for appro by end of March"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"407\"  alt=\"\" title=\"President Akufo-Addo\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/03\/President-Akufo-Addo-696x407.png\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"407\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/03\/President-Akufo-Addo-696x407.png\"   alt=\"\" title=\"President Akufo-Addo\"\/><\/noscript><\/div>\n<p><strong>President Nana Addo Dankwa Akufo-Addo has expressed optimism that the deal that Ghana is seeking to close with the International Monetary Fund (IMF) will go to the board for appro by end of this month, March 2023.<\/strong><\/p>\n<p>Ghana has already reached a staff-level agreement with the Fund on the deal.<\/p>\n<p>Recently, the Managing Director of the Fund, Kristalina Georgieva said she was happy Ghana was making progress in bringing the staff-level agreement to the Board.<\/p>\n<p>She said the IMF supports\u00a0<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Ghana\u2019s efforts to stabilize the economy and promote an inclusive recovery.<\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">In a tweet, she said \u201cWonderful to meet\u00a0<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">President\u00a0<\/span><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/NAkufoAddo\">@NAkufoAddo<\/a>\u00a0<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0at\u00a0<\/span><span class=\"r-18u37iz\"><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/hashtag\/MSC2023?src=hashtag_click\">#MSC2023<\/a><\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">. Very pleased to hear authorities are making progress on bringing the staff-level agreement to the IMF Exec. Board. We support Ghana\u2019s efforts to stabilize the economy &amp; promote an inclusive recovery.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Wonderful to meet \ud83c\uddec\ud83c\uddedPresident <a href=\"https:\/\/twitter.com\/NAkufoAddo?ref_src=twsrc%5Etfw\">@NAkufoAddo<\/a> at <a href=\"https:\/\/twitter.com\/hashtag\/MSC2023?src=hash&amp;ref_src=twsrc%5Etfw\">#MSC2023<\/a>. Very pleased to hear authorities are making progress on bringing the staff-level agreement to the IMF Exec. Board. We support Ghana\u2019s efforts to stabilize the economy &amp; promote an inclusive recovery. https:\/\/t.co\/rwrsTIPEoF <a href=\"https:\/\/t.co\/0E5Ir4HmqU\">pic.twitter.com\/0E5Ir4HmqU<\/a><\/p>\n<p>\u2014 Kristalina Georgieva (@KGeorgieva) <a href=\"https:\/\/twitter.com\/KGeorgieva\/status\/1626589537299468289?ref_src=twsrc%5Etfw\">February 17, 2023<\/a><\/p>\n<\/blockquote>\n<p>The staff-level agreement with Ghana is for a three-year programme supported by an arrangement under the Extended Credit Facility (ECF) of about $3 billion.<\/p>\n<p>The appro by IMF management and the Executive Board in the period ahead is contingent on receiving financing assurances from Ghana\u2019s partners and creditors, the IMF Boss said while answering questions in Frequently asked questions on Ghana.<\/p>\n<p>The goal of the government\u2019s economic program is to restore macroeconomic stability and debt sustainability while protecting the vulnerable, preserve financial stability, and laying the foundation for strong and inclusive recovery.<\/p>\n<p>To support the objective of restoring public debt sustainability, the authorities have launched a comprehensive debt operation.<\/p>\n<p>When concluded, the President said, will set the stage for the strong recovery of Ghana\u2019s economy.<\/p>\n<p>Speaking to members of the Diplomatic Corps especially from the Paris Club, at the Peduase Lodge on Tuesday, February 28, President Akufo-Addo said \u201cJust as we managed to achieve a staff-level agreement with the Fund in record time in December last year whose terms were systematically fulfilling including the difficult but ultimately highly successful process of the Domestic Debt Exchange Programme, I am confident that with the cooperation we have received from the members of the Paris Club and the People\u2019s Republic of China, which sent a delegation from China\u2019s EXIM Bank to Accra over the weekend to meet with officials of the Ministry of Finance, we shall be able to go to the Board of the Fund to conclude finally the agreement by the end of March.\u201d<\/p>\n<p>\u201cThis will set the stage for the strong recovery of Ghana\u2019s economy. Needless to say, we will hope that all Ghana\u2019s friends will weigh in with words of support at the Fund,\u201d he added.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Nana Addo Dankwa Akufo-Addo has expressed optimism that the deal that Ghana is seeking to close with the International Monetary Fund (IMF) will go to the board for appro by end of this month, March 2023. Ghana has already reached a staff-level agreement with the Fund on the deal. Recently, the Managing Director of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-23401","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Akufo-Addo expresses optimism Ghana&#039;s IMF deal will go to the Board for appro by end of March - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/03\/01\/akufo-addo-expresses-optimism-ghanas-imf-deal-will-go-to-the-board-for-appro-by-end-of-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akufo-Addo expresses optimism Ghana&#039;s IMF deal will go to the Board for appro by end of March - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"President Nana Addo Dankwa Akufo-Addo has expressed optimism that the deal that Ghana is seeking to close with the International Monetary Fund (IMF) will go to the board for appro by end of this month, March 2023. 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